The stock of Lear Corporation (NYSE:LEA) reached all time high today, Nov, 18 and still has $183.18 target or 44.00% above today’s $127.21 share price. This indicates more upside for the $9.22 billion company. This technical setup was reported by Barchart.com. If the $183.18 PT is reached, the company will be worth $4.06 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 90,731 shares traded hands. Lear Corporation (NYSE:LEA) has risen 15.87% since April 18, 2016 and is uptrending. It has outperformed by 11.44% the S&P500.
Lear Corporation (NYSE:LEA) Ratings Coverage
Out of 11 analysts covering Lear Corporation (NYSE:LEA), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Lear Corporation has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Zacks downgraded the stock to “Buy” rating in Tuesday, August 25 report. The firm earned “Buy” rating on Monday, July 27 by Deutsche Bank. The stock has “Neutral” rating given by Robert W. Baird on Tuesday, October 11. The firm has “Sector Perform” rating given on Friday, October 14 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $138 target price in Monday, October 26 report. On Thursday, April 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Lear Corporation (NYSE:LEA) has “Hold” rating given on Monday, October 26 by Deutsche Bank. The firm earned “Sector Perform” rating on Thursday, October 27 by RBC Capital Markets. Goldman Sachs downgraded the shares of LEA in a report on Thursday, October 6 to “Sell” rating. Citigroup maintained the shares of LEA in a report on Tuesday, August 2 with “Buy” rating.
According to Zacks Investment Research, “Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan.”
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.11, from 1.05 in 2016Q1. The ratio is negative, as 33 funds sold all Lear Corporation shares owned while 169 reduced positions. 50 funds bought stakes while 162 increased positions. They now own 65.88 million shares or 12.31% less from 75.13 million shares in 2016Q1.
Cetera Advisors Ltd Limited Liability Company has 3,900 shares for 0.03% of their US portfolio. Caisse De Depot Et Placement Du Quebec has 40,600 shares for 0.01% of their US portfolio. Northern Capital Ltd Liability owns 26,865 shares or 1.22% of their US portfolio. Meiji Yasuda Asset Mngmt Limited holds 0.08% or 5,540 shares in its portfolio. Globeflex Lp accumulated 13,992 shares or 0.39% of the stock. Boyer And Corporon Wealth Management Ltd accumulated 36,563 shares or 1.79% of the stock. Paradigm Asset Mngmt Com Ltd Limited Liability Company has invested 0% of its portfolio in Lear Corporation (NYSE:LEA). Blackrock Inv Mngmt Ltd Liability Co, a New Jersey-based fund reported 1.07 million shares. Comerica Bank & Trust holds 0.01% of its portfolio in Lear Corporation (NYSE:LEA) for 9,368 shares. Pacific Invest Management last reported 14,426 shares in the company. Yorktown Mngmt And has 0.07% invested in the company for 3,000 shares. Moreover, James Investment has 0% invested in Lear Corporation (NYSE:LEA) for 1,345 shares. Fdx Inc accumulated 8,353 shares or 0.04% of the stock. Renaissance Grp Inc Incorporated Limited Company reported 2,238 shares or 0.01% of all its holdings. Principal Group has 193,396 shares for 0.03% of their US portfolio.
Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 2 selling transactions for $254,813 net activity. 1,000 shares were sold by SMITH GREG C, worth $113,953 on Thursday, May 19. Kunkel Jay K. sold 653 shares worth $75,957. $178,856 worth of Lear Corporation (NYSE:LEA) shares were sold by FOSTER JONATHAN F.
More recent Lear Corporation (NYSE:LEA) news were published by: Forbes.com which released: “How China Is A Major Boost For Lear Corporation Right Now” on November 15, 2016. Also Prnewswire.com published the news titled: “Lear Corporation Inducted Into The Billion Dollar Roundtable” on August 19, 2016. Forbes.com‘s news article titled: “What Will Be The Jump In Lear’s Valuation If Seating Margin Expands By More …” with publication date: September 22, 2016 was also an interesting one.
LEA Company Profile
Lear Corporation (Lear), incorporated on January 13, 1987, is a supplier to the global automotive industry. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Firm operates through two divisions: seating and electrical. It has over 240 manufacturing, engineering and administrative locations in approximately 40 countries. It has automotive content on over 350 vehicle nameplates across the world.
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